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Twentyfour Income Fund Ltd

Current Price 104.40p Bid 103.60p Ask 104.60p Change 0.00%
Last Updated: 28/03/2024 09:49. Prices delayed by at least 15 minutes.
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Company Overview

TwentyFour Income Fund Limited is a closed-ended investment company. The Company operates through investments in Asset Backed Securities segment. The Company's investment objective is to generate attractive risk-adjusted returns principally through income distributions. Its investment policy is to invest in a diversified portfolio of predominantly United Kingdom and European Asset Backed Securities. No more than 20 % of the portfolio value will be backed by collateral in any single country. No more than 10 % of the Portfolio value will be exposed to any single Asset Backed Security or issuer of Asset Backed Securities, but provided that where more than 5% of the portfolio value is exposed to a single Asset Backed Security, these Asset Backed Securities in respect of which more than 5 % of the Portfolio value is exposed, may not, in aggregate, make up more than 40 % of the total Portfolio value of the Company.

Financial Highlights Year Ended 31/03/2023

Revenue
£64.54m
Operating Profit/Loss
£-21.32m
Dividend yield (%)
9.40
Total dividend for year
n/ap
Dividend cover
-0.36
P/E Ratio
n/a

Key Personnel

Mr Bronwyn Curtis
Independent Non-Executive Director
Mr John De Garis
Non-Executive Director
Mr John Le Poidevin
Non-Executive Director
Mr Paul Le
Non-Executive Director
Ms Joanne Violet Monique Pereira Fintzen
Non-Executive Director

Stock Details

EPIC
TFIFL
ISIN
GG00B90J5Z95
Shares in Issue
284.91m
Market cap
£297.44m

Analyst Views (0)

Strong Buy
 
0%
Buy
 
0%
Hold
 
0%
Sell
 
0%
Strong Sell
 
0%
This information is provided by Web Financial Group (UK) Limited. It is subject to change without notice and doesn't reflect the views held by Redmayne Bentley and is not advice.

Price Summary

Mid Price
104.40p
Bid Price
103.60p
Ask Price
104.60p
Volume
0
Change Today
0.00p
% Change Today
0.00%
Open
104.40p
Previous Close
104.40p
Intraday High
104.40p
Intraday Low
104.40p
52 Week High
107.80p
52 Week Low
94.40p
52 week high and low figures quoted above are calculated from intraday price data.

Intra-Day Chart

News

Income Statement

Year End Date
31 Mar 2023
31 Mar 2022
 
£ (M)
£ (M)
Continuing Operations
Revenue
64.54
36.75
Operating Profit/Loss
-21.32
36.30
Net Interest
n/a
n/a
Pre-Tax Profit
-21.32
36.30
Profit After Tax from continuing operations
-21.32
36.30
Discontinued Operations
Profit After Tax
n/a
n/a
Profit/Loss for the Year
-21.32
36.30
Attributable to:
Equity Holders of Parent Company
-21.32
36.30
Minority Interests
n/a
n/a
Total Dividend Paid
n/ap
n/ap
Retained Profit/(Loss) for the Financial Year
n/a
n/a

Earnings per Share

Year End Date
31 Mar 2023
31 Mar 2022
Basic
-3.40p
7.08p
Diluted
-3.40p
7.08p
Adjusted
-3.40p
7.08p
Dividend per Share
n/ap
n/ap

Assets

Year End Date
31 Mar 2023
31 Mar 2022
 
£ (M)
£ (M)
Non-Current Assets
Property, Plant & Equipment
n/a
n/a
Intangible Assets
n/a
n/a
Investment Properties
n/a
n/a
Investments
n/a
n/a
Other Financial Assets
n/a
n/a
Other Non-Current Assets
n/a
n/a
Current Assets
Inventories
n/a
n/a
Trade & Other Receivables
6.98
3.99
Cash at Bank & In Hand
27.24
59.71
Current Asset Investments
739.39
696.51
Other Current Assets
2.28
0.04
Other Assets
n/a
n/a
Total Assets
775.88
760.24

Liabilities

Year End Date
31 Mar 2023
31 Mar 2022
 
£ (M)
£ (M)
Current Liabilities
Borrowings
n/a
n/a
Other Current Liabilities
50.90
41.76
Total Current Liabilities
50.90
41.76
Non-Current Liabilities
Borrowings
n/a
n/a
Provisions
n/a
n/a
Other Non-Current Liabilities
n/a
n/a
Total Non-Current Liabilities
n/a
n/a
Other Liabilities
n/a
n/a
Total Liabilities
50.90
41.76

Net Assets

Year End Date
31 Mar 2023
31 Mar 2022
 
£ (M)
£ (M)
Net Assets
724.98
718.48

Capital & Reserves

Year End Date
31 Mar 2023
31 Mar 2022
 
£ (M)
£ (M)
Share Capital
750.56
675.35
Share Premium Account
n/a
n/a
Other Reserves
n/a
n/a
Retained Earnings
-25.58
43.13
Shareholders Funds
724.98
718.48
Minority Interests/Other Equity
n/a
n/a
Total Equity
724.98
718.48

Dividend History

Type
Ex-Dividend Date
Payment Date
Payment
4th Interim
20 Apr 2023
03 May 2023
4.46p
4th Interim
21 Apr 2022
06 May 2022
2.27p
4th Interim
22 Apr 2021
07 May 2021
1.91p
3rd Interim
21 Jan 2021
05 Feb 2021
1.50p
2nd Interim
15 Oct 2020
30 Oct 2020
1.50p
1st Interim
16 Jul 2020
31 Jul 2020
1.50p
4th Interim
16 Apr 2020
30 Apr 2020
1.90p
3rd Interim
16 Jan 2020
31 Jan 2020
1.50p
2nd Interim
17 Oct 2019
31 Oct 2019
1.50p
1st Interim
18 Jul 2019
31 Jul 2019
1.50p
4th Interim
18 Apr 2019
30 Apr 2019
1.95p
3rd Interim
17 Jan 2019
31 Jan 2019
1.50p
2nd Interim
18 Oct 2018
31 Oct 2018
1.50p
1st Interim
19 Jul 2018
31 Jul 2018
1.50p
4th Interim
19 Apr 2018
30 Apr 2018
2.73p
3rd Interim
18 Jan 2018
31 Jan 2018
1.50p
2nd Interim
19 Oct 2017
31 Oct 2017
1.50p
1st Interim
20 Jul 2017
31 Jul 2017
1.50p
4th Interim
20 Apr 2017
28 Apr 2017
2.49p
3rd Interim
19 Jan 2017
31 Jan 2017
1.50p
2nd Interim
20 Oct 2016
31 Oct 2016
1.50p
1st Interim
14 Jul 2016
29 Jul 2016
1.50p
4th Interim
03 Mar 2016
29 Apr 2016
2.64p
3rd Interim
21 Jan 2016
29 Jan 2016
1.50p
2nd Interim
15 Oct 2015
30 Oct 2015
1.50p
1st Interim
16 Jul 2015
31 Jul 2015
1.50p
4th Interim
16 Apr 2015
30 Apr 2015
2.15p
3rd Interim
15 Jan 2015
30 Jan 2015
1.50p
2nd Interim
16 Oct 2014
31 Oct 2014
1.50p
1st Interim
16 Jul 2014
31 Jul 2014
1.50p

Dividend Metrics

Year End Date
31 Mar 2023
31 Mar 2022
Dividend growth
39.73%
5.62%
Dividend yield
9.40%
6.40%
Dividend cover
-0.36
1.05


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